The Top 12 Bitcoin (BTC) Wallets: Who Are the Real Owners?

▲ Bitcoin (BTC)/ChatGPT Generated Image

It has been revealed that the top 12 Bitcoin (BTC) addresses hold 1,347,380 BTC, which is 6.72% of the total supply. This amounts to approximately $85.2 billion worth of Bitcoin. Tracking the entities behind these wallets showed a stark contrast, ranging from large exchanges like Binance and Robinhood to U.S. government-managed addresses and unidentified whale owners.

According to the cryptocurrency specialized media Bitcoin.com on July 5 (local time), a comparison of on-chain data from the top 12 Bitcoin addresses with Arkham entity tags confirmed that the largest address is a Binance cold wallet. This address holds 248,598 BTC, approximately $15.74 billion, accounting for 1.24% of the total circulating supply. Since 2018, there have been 5,531 deposits, but the last withdrawal was on January 7, 2023, meaning it has continuously received Bitcoin without sending any out for over three years.

A second Binance wallet holds 174,934 BTC, and a Robinhood cold wallet holds 140,850 BTC. The Robinhood address showed the relatively fastest growth among the top four wallets, with a net increase of 787 BTC in the last 30 days. A Bitfinex cold wallet also holds 130,010 BTC and has continuously received Bitcoin without any withdrawal records since June 2, 2025.

Tether's Bitcoin reserve address contains 96,936 BTC, and the Bitfinex hack asset recovery address holds 94,643 BTC. This U.S. government-managed recovery wallet has never had a single withdrawal record, and the Mt. Gox hack wallet, which first received funds in 2011, also shows no record of 79,957 BTC leaving the address. An unidentified whale address holds 78,317 BTC, classified by Arkham as a dormant wallet.

The actual entity behind the address mistakenly known as 'Mr. 100' on the list of Bitcoin rich individuals was revealed to be an Upbit cold wallet. The Upbit address holds 73,715 BTC, added 1,519 BTC in the last 30 days, and was analyzed as one of the most actively managed exchange wallets among the top 12 addresses. The 69,370 BTC from the Silk Road wallet seized by the U.S. Federal Bureau of Investigation and the 68,200 BTC from the Binance BTCB reserve address were also included in the top 12 list.

The movements of the top wallets were not uniform. While Upbit and Robinhood cold wallets increased their Bitcoin holdings and the Tether address continued deposits and withdrawals over the last month, the Mt. Gox, Silk Road, and Bitfinex hack recovery wallets showed no withdrawal records at all. Bitcoin.com analyzed that exchange operating wallets and long-term dormant/government-managed addresses equally divide the 1,347,380 BTC across the top 12 wallets.

[Article Key Summary]

-The top 12 Bitcoin addresses hold 1,347,380 BTC, 6.72% of the total supply, valued at approximately $85.2 billion.

-The largest address, a Binance cold wallet, holds 248,598 BTC and has no withdrawal records since January 2023.

-The address known as 'Mr. 100' was confirmed to be an Upbit cold wallet and added 1,519 BTC in the last 30 days.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*